Insider Selling: Atlassian (NASDAQ:TEAM) CEO Sells 7,665 Shares of Stock

Atlassian Corporation PLC (NASDAQ:TEAM) CEO Michael Cannon-Brookes sold 7,665 shares of Atlassian stock in a transaction that occurred on Thursday, November 13th. The stock was sold at an average price of $153.77, for a total value of $1,178,647.05. Following the transaction, the chief executive officer directly owned 245,280 shares in the company, valued at approximately $37,716,705.60. This trade represents a 3.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Michael Cannon-Brookes also recently made the following trade(s):

• On Monday, November 10th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $158.00, for a total transaction of $1,211,070.00.
• On Friday, November 7th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $155.58, for a total value of $1,192,520.70.
• On Wednesday, November 5th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $162.66, for a total value of $1,246,788.90.
• On Monday, November 3rd, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $172.78, for a total value of $1,324,358.70.
• On Friday, October 31st, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $167.61, for a total value of $1,284,730.65.
• On Wednesday, October 29th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $160.40, for a total transaction of $1,229,466.00.
• On Monday, October 27th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $165.03, for a total transaction of $1,264,954.95.
• On Friday, October 24th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $164.50, for a total transaction of $1,260,892.50.
• On Wednesday, October 22nd, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $169.16, for a total transaction of $1,296,611.40.
• On Friday, October 17th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $151.21, for a total transaction of $1,159,024.65.

Atlassian Stock Performance

NASDAQ TEAM traded down $0.26 on Friday, hitting $151.79. 2,657,702 shares of the company’s stock were exchanged, compared to its average volume of 2,503,390. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.26 and a quick ratio of 1.26. The firm’s 50-day moving average price is $161.93 and its two-hundred day moving average price is $185.00. The firm has a market cap of $39.94 billion, a price-to-earnings ratio of -213.79, a P/E/G ratio of 36.88 and a beta of 0.95. Atlassian Corporation PLC has a fifty-two week low of $144.32 and a fifty-two week high of $326.00.

Atlassian (NASDAQ:TEAM) last announced its quarterly earnings data on Thursday, October 30th. The technology company reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.21. The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.40 billion. Atlassian had a negative return on equity of 7.11% and a negative net margin of 3.38%.Atlassian’s quarterly revenue was up 20.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.77 earnings per share. Atlassian has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. On average, research analysts expect that Atlassian Corporation PLC will post -0.34 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently commented on TEAM. Bank of America assumed coverage on shares of Atlassian in a report on Tuesday, September 23rd. They set a “neutral” rating and a $200.00 price objective on the stock. BMO Capital Markets upped their price target on Atlassian from $190.00 to $195.00 and gave the stock an “outperform” rating in a report on Friday, October 31st. Stephens reduced their price objective on Atlassian from $221.00 to $202.00 and set an “equal weight” rating for the company in a report on Monday, August 11th. Wall Street Zen upgraded Atlassian from a “hold” rating to a “buy” rating in a research report on Saturday, September 13th. Finally, Mizuho boosted their price objective on shares of Atlassian from $235.00 to $245.00 and gave the stock an “outperform” rating in a research report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $239.44.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in TEAM. State of Wyoming boosted its stake in shares of Atlassian by 20.3% during the 1st quarter. State of Wyoming now owns 278 shares of the technology company’s stock worth $59,000 after purchasing an additional 47 shares during the last quarter. Physician Wealth Advisors Inc. raised its holdings in Atlassian by 60.4% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 162 shares of the technology company’s stock valued at $26,000 after acquiring an additional 61 shares during the last quarter. EP Wealth Advisors LLC boosted its holdings in shares of Atlassian by 2.8% during the first quarter. EP Wealth Advisors LLC now owns 2,641 shares of the technology company’s stock worth $561,000 after purchasing an additional 71 shares during the last quarter. Snowden Capital Advisors LLC boosted its holdings in shares of Atlassian by 1.6% during the second quarter. Snowden Capital Advisors LLC now owns 4,464 shares of the technology company’s stock worth $907,000 after purchasing an additional 71 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its position in shares of Atlassian by 11.5% in the first quarter. Smartleaf Asset Management LLC now owns 716 shares of the technology company’s stock valued at $156,000 after purchasing an additional 74 shares during the period. Institutional investors and hedge funds own 94.45% of the company’s stock.

About Atlassian

Atlassian Corporation, through its subsidiaries, designs, develops, licenses, and maintains various software products worldwide. Its product portfolio includes Jira Software and Jira Work Management, a project management system that connects technical and business teams so they can better plan, organize, track and manage their work and projects; Confluence, a connected workspace that organizes knowledge across all teams to move work forward; and Trello, a collaboration and organization product that captures and adds structure to fluid and fast-forming work for teams.